Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-11-04
CITY AND DISTRICT.
Eighth Annual Report.

R0UITADLE C. ID. ASSOCIATION.
Eighth Annual Report.
oSyUB auAKrRRs-BrT ONE MORTGAGE FoRRcIosRD
sScE COMMENCING BUsrSKss-sfRRNaTH AND AID
vANAeEs or THE AssocrArIoN-NEw ISSUE OF
STOCK THIS MONTH";
WASHINGTON, D. c., Nov. 9, 1887
TO The SockhOtders Of The Equitable Cooperative
building Association:
IN THIS report OF the business transacted for the
past twelve months, and the financial condition OF
tAe association al the close OF It's eighth year. Will
De found additional proof OF the success OF the
equitable In carrying out. in practical and salts
hActory manner, the object for which the assocfa-
tion was organlzed-that Is TO encourage regular
monthly savings Of small amounts upon stock,
which produces fair profits, and TO make advances
purchase property at reasonable rates Oh inser-
est and upon advantageous terms.
TEE STRENGTH AND ADVANTAGES OF TIE ASSOCIATION.
As evidence Of what the members have Accom-
phsned and succeeded In doing In the past year,
BY the opportunities offered them In the associa-
tion, they have set aside from their incomes and
paid into the association on their stock, at p so
per share, f343lS831, while other members have
received advances 70 pay for property amounting
70 S3s7 GEO. The average monthly receipts on
advances we're ssa,301 This Is Tor one year; IN
the ninety-six months the association has been
On s, sSs Ssee y az
$50 per share, OF which ksl4, 94720 has been re-
turned 70 them. with s43 go so earnings or pro1ts
This further demonstrates the strength OF the
Association and the correct plan upon which IL IS
organized and conducted for the greatest benefit
AID advantage Of the shareholders II establishes
.s,n .nss IS Dr ms
has, IN q substantial and practical manner, pro-
Siaed way and aided and encourages us share
no.aers 70 successfully save 10 tne END that when
snmcisnt has been thus accumulated whether 70
buy,nesS or otseT inyeStms5i or nlsnS fhaV nave
been promptly paid by the assocfation principal
and profits and thus they have been enabled 10
sccceeo N .ne p9fpoSe tney mac IA view In tne
co.., antey atracrea N eAi'" eu"'S ne'o oe0a
It 3 safe 20 say. that now :, per cent or 20 per
cent Of the smonnt returnaa ~ ~ 81 IN
their stock IA for the purnose ~ nurcnas,c or An.
isn pnTcnasin0 TIL vi Pul1n,assns o oo a,
cent or 25 per cent is for making other contern-
pa,ed investments OF TO meet various obligations
"S~
NeksAsk OF BUSINESS.
ooipss advances 10 snarenoders' NUMBER
VI ae'o snAIes' capitai stock anu assets nave all
iargev and steadily Increased since our last an
an ,,a.l.as . -. arc so,i,o9-o'
INA rece,n,s dnrtnr, y6ts ,,,na = az n.aar s,n0
257.2s, which Is S75iss G6 more than those OF the
Iast o, any nrevtoys yser the rnon,hiv average
during mia wear hetny s,a I06 a AGAINST as
s34.03 OF last wear The to1ai rsceIpts in nineIy
M months have been r, eas oey7 al the average
monthly rsceints for the WHOLE time being sate
no "a rrnsnSe n, ynanaeensnf has baon a. me
'A'e" q per cent
ACTIVE SHARES AND A NEW IssrE
The number OF shares now on the books, adj
vanced upon Il 1854: the number not advanced
unoo IN aaA : Tha to,aI nnmha, ~ act,ve On roc
a., 49,, r., -. ~ ~ sA", ,
lsh,<sh.i- Inc IouIteonth Issue i now open ior
ssoscnpuon the nrst upon which commences In
november, 1877.
Inc oalance on nand the l5tn day OF OCTOBER
asss was -, Iso.6., which had been awarded ana
w. aWHunx exaninatlon OF uties ana execution
u aperS
But ONE MORTGAGE FoRECLOsKD.
The fact that the association has foreclosed hut
one roor,o,,. 60 =, -, "a .r
o .iols aso sihee ~ orsanHeu anu coniuehce
ment or business and then realized In full the
amount due, shows the wonderful success the
shareholders have experienced In paying for their
property. and also the careful consideration and
safe security obtained and held by the association
for advances.
Nxw BUILDING AND oryrcr or. Rryps
$500. ' w r'i.A W AhLAs.
IN INC last annual report IL was stated that
ground nal been purchased on street, that plans
and specifications for a building had been drawn
AMI adop,ad and , con,rac, h,d tao,, oo,a-aa IT,
for rs erection sinca then the nnnenr nos noar,
al ~ sisCuon. Since lnen tne DulIdln2 mas Oeen
nnlseS ~ satisIactory ana acceptable manner,
=. I ,ne 49, mosea IN ana tooK possession
~ IN, go. ~ "a. sauis epo.t IL was salo
IN - ll tns estlniate nale Dy me board there
,n " su a rOons suDrented over ana above
,e mann n9or oscupeI % tne association- 70 pay
nxeA repairs and insurance, and a good interest
ny ,, III. es.eu, ieaslns tne ASSOCIATION,
~ -. - ,h ~, Uce hSs w'nouI cost -
s nsas IT lwen'y-sA rooms 20 rent, OF WHICH
rsuiai r.,,,r are 90. 0seuped PRODUCING monthly
~ 49, - a., y VI ts1s,sa snowns me estmate OF
css,,or ~, " a,e veen ~ reeI anu tnat the asso,
S Ia secureu goou SAFE investment, as Wen
- sneaoe permanent quarters 10 which 10 prop
Wy usnstct us business, containing adequate
vault and safe accommodations, In which TO de-
solute p-osecting them fron 81, Az
or los rrnn of her canses ~ N N'''A W nie
since Inc bniiinr has haar oo,ur,a, hv tho ne
soctafton in Mari and he ~ ZIG as
bosr,i ~ nor. s,,iiy c,ot am, reneeu, me
en- We're wise when fhey ',hs she ,oS ae
and pronrabe inveStms,I ma o, sun S sh
49,, - - ia y anu enpoWered the
OF course constitute parr OF he Sssa,s Of Ih as
ISOLATION 1f which the value OF every share is as
certainec and nxee: and when surrendered the
are paid their proportion OF the amount
AMER an e snr Ptopca =; oro,,a, .,o